CDW (NASDAQ:CDW) Reaches New 52-Week Low - Should You Sell?

CDW Co. (NASDAQ:CDW - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $164.96 and last traded at $166.05, with a volume of 1583383 shares changing hands. The stock had previously closed at $169.51.

Wall Street Analyst Weigh In

CDW has been the topic of several analyst reports. Barclays upped their target price on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Redburn Atlantic initiated coverage on CDW in a research note on Friday, November 15th. They set a "buy" rating and a $230.00 price objective on the stock. Morgan Stanley raised their target price on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, UBS Group lowered their target price on shares of CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, CDW has an average rating of "Moderate Buy" and an average price target of $242.67.

CDW Price Performance

The business has a fifty day moving average of $186.14 and a two-hundred day moving average of $196.61. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

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CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%. As a group, research analysts predict that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.625 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 annualized dividend and a yield of 1.51%. CDW's dividend payout ratio is currently 31.37%.

CDW announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 5th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the information technology services provider to buy up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On CDW

Large investors have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares in the last quarter. Summit Trail Advisors LLC boosted its position in shares of CDW by 1.4% in the fourth quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock valued at $703,000 after acquiring an additional 56 shares during the period. OneAscent Wealth Management LLC grew its stake in shares of CDW by 2.5% in the third quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider's stock valued at $540,000 after acquiring an additional 58 shares in the last quarter. Parkside Financial Bank & Trust increased its position in CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 58 shares during the period. Finally, Fulcrum Equity Management raised its stake in CDW by 4.3% in the 3rd quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock worth $326,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.

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